【导读】A股大逆转！"寒王"正式成为新股王，网友："不寒而栗" 大家好啊，市场，太强了。今天日内完成调整，上演深"V"走势，没想到昨天尾盘的跳水，以及今天盘 中的跳水，都是为了倒车接人，相信你们都上车了吧！ 一起看看今天发生了什么事情。 8月28日，A股三大指数集体大涨，盘中虽然大幅跳水，但有惊无险，下午一点半左右，上演大逆转，持 续拉升！截至收盘，沪指涨1.14%，深成指涨2.25%，创业板指涨3.82%。 全市场共2868只个股上涨，66只个股涨停，2402只个股下跌。 科创50指数暴涨超7%！今天的市场，上演"喜芯厌酒"行情，资金集中在芯片、算力硬件等方向。 寒武纪股价超越贵州茅台（600519），登顶A股新股王。股价逼近1600元，涨超15%，总市值突破6600 亿元。股民戏称："英伟达是谁啊？一点都不熟，我只认识寒武纪。" 还有网友造出了一个新梗——"不寒而栗"，意思是形容因不持有寒武纪而惶恐不安的样子！ 中芯国际暴涨超17%，总市值逼近1万亿元，创历史新高。 芯片股集体爆发。 | mrs | 代码 | 名称 | | 涨幅% | 现价 | | --- | --- | --- | --- | --- ...

消息面上，据上海证券，根据全球半导体观察微信公众号，据TrendForce预测，2025年中国AI服务器市 场中英伟达、AMD等外采芯片比例将从2024年的63%降至42%，本土芯片供应商占比则有望提升至 40%，国产替代已成大势。此前8月21日，DeepSeek发布DeepSeek-V3.1大模型，使用了UE8M0 FP8 Scale的参数精度，为下一代国产芯片设计。 天风证券（601162）认为，半导体、国产算力及自主可控等领域仍将是未来的长期趋势。在中美围绕 AI算力芯片的贸易政策持续存在不确定性的背景下，预计国内大模型开发企业与互联网平台将逐步提 高国产芯片的采购与使用规模。相应的国产芯片供应商及其配套产业链企业有望迎来发展机遇。 芯片股早盘走高，截至发稿，上海复旦(01385)涨6.88%，报37.3港元；中芯国际(00981)涨5.6%，报59.4 港元；晶门半导体(02878)涨4%，报0.52港元；华虹半导体(01347)涨2.56%，报54.1港元。 ...

Core Viewpoint - The article discusses the challenges faced by Intel's CEO, Pat Gelsinger, particularly in light of political pressures and the need for the company to regain its competitive edge in the semiconductor industry. The narrative emphasizes the importance of Gelsinger's relationship with the Trump administration and the strategic decisions he must make to revitalize Intel's operations and market position [5][6][14]. Group 1: CEO's Background and Challenges - Pat Gelsinger, the CEO of Intel, has a diverse background, having been born in Malaysia and educated in the U.S., which positions him uniquely in the semiconductor industry [8]. - Under Gelsinger's leadership, Intel has faced significant challenges, including a decline in market share and stock price, with the company's valuation dropping below $100 billion [6][14]. - The political landscape, particularly Trump's administration's stance on China and semiconductor manufacturing, adds pressure to Gelsinger's role as he navigates these complexities [10][14]. Group 2: Strategic Initiatives and Responses - Gelsinger's strategy includes a focus on reducing operational costs and capital expenditures, aiming to lower operational spending from $17.5 billion to $17 billion and capital spending from $20 billion to $18 billion by fiscal year 2025 [19]. - The company plans to reduce its workforce significantly, from approximately 109,800 employees to 75,000, to streamline operations and address inefficiencies [20][21]. - Gelsinger is also prioritizing the success of Intel's foundry services, which have faced criticism for their service levels compared to competitors like TSMC and Samsung [21]. Group 3: Political Dynamics and Future Outlook - The relationship between Intel and the Trump administration is crucial, as Gelsinger seeks to align the company's goals with the administration's "America First" strategy, potentially leveraging government contracts and support [22][24]. - Intel's recent decision to cancel plans for new manufacturing facilities in Germany and Poland reflects a strategic pivot to appease U.S. political sentiments and focus on domestic production [23]. - The article suggests that Gelsinger's ability to maintain a positive rapport with Trump could be pivotal for Intel's recovery and future success in the semiconductor market [24].

主营功率半导体、MEMS传感器及先进模拟芯片代工的晶圆代工企业芯联集成（688469.SH）最新发布 的半年报显示，该公司上半年有所减亏。 8月4日晚间，芯联集成发布半年度业绩报，今年上半年实现营业收入34.95亿元，同比增长21.38%；归 母净利润为亏损1.70亿元，同比减亏63.82%。而若从单季度表现上看，今年第二季度，芯联集成实现归 母净利润约0.12亿元，这也是自其上市以来首次实现单季度扭亏。按照芯联集成在2023年上市时的公开 信息显示，该公司预计将于2026年实现盈利。 根据半年报，芯联集成业务布局从功率、MEMS、BCD、MCU四大主要技术方向出发，持续研发应用 于AI、新能源汽车、工业控制、高端消费领域所需要产品上的先进工艺及技术，提供多样化的晶圆代 工和封装测试等系统方案。这其中，在今年上半年，该公司将车载、工控、消费作为收入高增长潜力领 域，同时涉足AI战略。 具体来看，总营收占比达47%的车载业务贡献最大增量，2025年上半年收入同比增长23%。在这一报告 期内，芯联集成国内首条8英寸SiC产线已实现小批量产，6英寸SiC MOSFET新增项目定点超10个，新 增5家进入量产阶段的汽 ...

Core Insights - The global semiconductor industry is undergoing a transformation due to geopolitical factors and the AI technology race, with supply chain regionalization and tariff policy uncertainties reshaping the market landscape [1][2][3] Group 1: Market Dynamics - The global semiconductor IC industry is projected to reach a value of $647.3 billion in 2024, representing a year-on-year growth of 25.6%, driven by surging AI computing demand and a rebound in memory prices [2] - The wafer foundry revenue is expected to grow by 19.1% in 2025, but excluding TSMC's contribution, the industry's growth rate will drop to 5.7%, highlighting the significance of advanced process technologies [2][3] Group 2: Regional Disparities - Taiwan currently leads the global foundry capacity with a 73% share, but its advanced process share is expected to decline from 66% in 2021 to 54% by 2030 due to power constraints and capacity migration [3] - The U.S. aims to increase its advanced process share from 18% to 27% by 2030, with TSMC's Arizona factory projected to contribute 16% of U.S. advanced process capacity [3] Group 3: AI Impact on Semiconductor Demand - AI server chip demand is expected to grow by 24% year-on-year in 2024, continuing the previous year's 46% growth, becoming a core driver for advanced process demand [4] - The semiconductor industry is projected to have a compound annual growth rate (CAGR) of 8.3% by 2028, with data centers leading at 11.5% CAGR, significantly outpacing other sectors [4] Group 4: HBM Market Trends - The demand for High Bandwidth Memory (HBM) is expected to grow by 94% in 2025, with HBM3e projected to account for over 90% of shipments by that year [7] - NVIDIA is anticipated to maintain a dominant market share in HBM, potentially reaching over 70% by 2025, although structural shifts may occur post-2026 [7][8] Group 5: Emerging Technologies - Gallium Nitride (GaN) is nearing large-scale application, with its market size expected to grow from approximately $390 million last year to $3.33 billion by 2030, driven by high-power applications in automotive and AI data centers [10] - AI is also expected to drive the demand for enterprise SSDs, with the share of AI-driven server SSDs projected to rise from 9%-10% to 20% by 2028 [9]

Core Viewpoint - Apple is making significant progress in developing a custom chip for smart glasses, indicating an acceleration in its product development to compete with Meta's offerings [1][2]. Group 1: Smart Glasses Development - Apple is developing smart glasses that will utilize a custom chip based on the technology used in the Apple Watch, designed for low power consumption [1]. - The company plans to start mass production of the smart glasses processor by the end of next year or in 2027, suggesting a potential market launch within the next two years [1]. - Apple is also exploring non-AR smart glasses that will use cameras and AI to assist users, similar to Meta's products [2]. Group 2: Semiconductor Advancements - Apple's silicon team has become a crucial part of its product development, especially since the transition to in-house Mac chips in 2020 [1]. - The company is developing new chips for various devices, including a camera-equipped Apple Watch and AirPods, with plans to have these ready by around 2027 [3]. - Apple is also working on advanced Mac chips, including potential M6 and M7 processors, with the M5 processor expected to be applied to iPad Pro and MacBook Pro by the end of this year [3]. Group 3: AI Server Chips - Apple is developing its first dedicated AI server chips, named "Baltra," which are expected to enhance the speed and functionality of its AI services by 2027 [4][5]. - The AI server project will utilize components co-developed with Broadcom, aiming to significantly increase processing capabilities compared to current models [5]. - The hardware technology team is also working on future components, including sensors for non-invasive blood glucose measurement for future Apple Watch versions [5].

Market Overview - Major stock indices in the US and Europe showed positive movements, with the Dow Jones Industrial Average rising by 1.07% and the S&P 500 increasing by 0.58% [2] - The UK FTSE 100 experienced a slight decline of 0.32%, while the German DAX30 rose by 1.02% [2] - In Asia, the Indian Sensex fell by 0.51%, contrasting with the Vietnamese VNINDEX which increased by 1.55% [2] Trade Agreement - The US and UK have reached a new trade agreement that includes partial tariff reductions and expanded market access for certain products [3] - Specific details of the agreement are still pending, with a 10% additional tariff on the first 100,000 cars exported from the UK to the US, and a 25% tariff on any excess [3] - The UK is expected to reduce or eliminate non-tariff barriers for US products, including beef, ethanol, and grains [3] Financial Developments - The Bank of England has lowered its benchmark interest rate by 25 basis points to 4.25%, indicating a cautious approach to future rate changes based on inflation trends [4] - Apple is developing new specialized chips for smart glasses and AI servers, aiming for production by 2026-2027, and is also working on new M-series Mac chips [4] - The US Consumer Financial Protection Bureau has reversed its decision to regulate Google’s payment business, indicating a shift in regulatory focus [4] Cryptocurrency Market - Coinbase has announced plans to acquire Deribit, the largest cryptocurrency options trading platform, for nearly $2.9 billion, which includes $700 million in cash and 11 million shares of Coinbase Class A common stock [5] - This acquisition is aimed at enhancing Coinbase's competitive position against major players like Binance in the global market [5] Philanthropic Commitment - Bill Gates has pledged to donate nearly all of his personal wealth, amounting to approximately $200 billion, to support the world's poorest populations through his foundation by 2045 [6] - Gates aims to accelerate his philanthropic efforts, stating a commitment to distribute his wealth before his death [6]

Core Insights - Apple is making significant progress in developing a custom chip for its upcoming smart glasses, indicating an acceleration in its product development efforts to compete with Meta's offerings [1][2] - The chip is designed for low power consumption and will control multiple cameras in the glasses, with production expected to start by the end of next year or in 2027 [1][2] - Apple is also exploring non-AR glasses that utilize AI to assist users, aiming to enter a market where Meta has already established a presence [2] Group 1: Smart Glasses Development - Apple is developing a smart glasses chip based on technology used in the Apple Watch, which has lower power consumption compared to components in iPhone, iPad, and Mac [1] - The company plans to start mass production of the smart glasses processor by the end of next year or in 2027, suggesting a potential market launch within the next two years [1] - Apple is conducting user research on the smart glasses concept, indicating a commitment to understanding consumer needs before launch [2] Group 2: AI and Semiconductor Innovations - Apple is expanding its semiconductor capabilities, developing chips for AirPods and Apple Watch that include camera functionalities, with a target completion date around 2027 [3] - The company is also working on AI server chips, named "Baltra," which will enhance the processing of Apple Intelligence requests, with a completion goal set for 2027 [4][5] - New Mac chips, including potential M6 and M7 processors, are in development, with plans to introduce the M5 processor for iPad Pro and MacBook Pro by the end of this year [3][5]

Group 1 - Apple is developing multiple custom chips for smart glasses and AI servers, with a focus on power efficiency and multi-camera control, expected to enter mass production by the end of 2026 or 2027 [2] - Apple is also working on new Mac chips tentatively named M6 and M7, along with an AI server chip codenamed Sotra, potentially in collaboration with Broadcom [2] Group 2 - OpenAI has appointed Fidji Simo as the new CEO of its applications department, who will oversee product and business functions while Sam Altman continues to supervise core AI research and infrastructure [3] - Simo's extensive experience in product and operations is expected to accelerate OpenAI's commercialization efforts [3] Group 3 - Amazon has launched a new robot named Vulcan, which features "tactile perception" capabilities, allowing it to identify and grasp approximately 75% of items in Amazon's warehouses [4] - This technological advancement is seen as a significant leap in robotics, enhancing logistics efficiency and promoting collaboration between AI and robotics sectors [4] Group 4 - Meta has appointed Robert Fergus to lead its foundational AI research lab (FAIR), marking a strategic adjustment in its AI research efforts [5] - Fergus's return is anticipated to strengthen the team's technical innovation capabilities [5] Group 5 - OpenAI is in discussions with the FDA regarding the use of AI to expedite drug evaluations, focusing on a project named cderGPT [6] - This collaboration aims to significantly shorten the new drug approval process and enhance medical efficiency, potentially boosting confidence in the healthcare technology sector [7]

极越办公室：几百人熬了一天，等来一个月社保。 12 月 12 日下午，数百极越员工出现在极越汽车位于上海嘉定的总部园区，有的来要说法（因为社 保断缴了），有的想搬东西走来抵扣拖欠的工资；还有一些人只想拿回自己的物品。未获入门许可 的供应商现场建微信群，接龙被极越拖欠的货款。12 日晚，百度和吉利已经决定转账，为极越员 工缴纳拖欠的 11 月社保。 赛力斯或赴港上市，筹资超 10 亿美元。 据媒体报道，赛力斯近期在讨论赴港上市事宜，最快明年完成 IPO，筹资超 10 亿美元。不过，相 关上市计划仍在审议中，发行规模等细节或有变动。赛力斯原名小康股份，于 2016 年 6 月在 A 股 上市。今年以来，受与华为合作的 AITO 问界品牌销量暴增等因素影响，赛力斯 A 股股价累计上 涨约 80%，公司市值目前为 2067 亿元。 保时捷日本 CEO 尉岚峰将成为保时捷中国副总裁兼 COO。 12 月 12 日，保时捷宣布，保时捷日本 CEO 尉岚峰 (Philipp von Witzendorff) 将从明年 1 月 1 日起 出任保时捷中国副总裁兼 COO。过去两年间，尉岚峰通过改进销售策略、客户体验，扩大了保时 ...